Helios Investment Partners is set to receive a commitment to its climate change-focused infrastructure vehicle from a Luxembourg-based investor.
European Investment Bank (EIB) is working on plans to commit $40 million to Climate, Energy Access and Resilience (CLEAR), which is targeting $400 million at final close.
This comes after InfraCo Africa commited $43 million to the fund in 2022 as an anchor investor.
The vehicle was set up in 2021 in partnership with InfraCo Africa with plans to list its assets within three years of final close.
Helios is managed through the Helios Investors Genpar Clear Fund Sarl platform.
CLEAR has been structured in line with the Mobilising Institutional Capital through Listed Product Structures (MOBILIST) competition run by the UK Foreign, Commonwealth and Development Office (FCDO).
The MOBILIST competition was designed to facilitate large scale investment flows through publicly listed markets.
It will be structured as a private vehicle but designed to raise money from public markets.
CLEAR will have a pan-African mandate and will leverage a pipeline of projects and growth companies from InfraCo Africa and Helios.
This is expected to create at least 100000 new jobs, connect more than one million people to power and avoid 100 million tonnes of carbon emissions.
The vehicle will look to back growth stage infrastructure deals across the energy space in Africa, focusing on three core themes.
These are clean energy & energy transition, green transportation & mobility, and sustainable growth & consumption.
CLEAR will look to provide opportunities for exit buy deals from infrastructure developers across the energy space in Africa.
Babatunde Soyoye is co-founder and managing partner at Helios.
Diana Fox Carney is chair on the CLEAR fund.
Tavraj Banga is co-head of the CLEAR.
ThirdWay Partners is a financial advisor Helios and InfraCo Africa on CLEAR.
Fund Card
| Fund Name | Climate, Energy Access and Resilience (CLEAR) |
| Fund Manager | Helios Investment Partners |
| Target ($) | $400m |
| Fund Size Class | Small-Cap (Less than $99m) |
| Target (Base Currency) | $400m |
| Hard Cap | n/d |
| Latest Fund Size | n/d |
| Final Close (Base Currency) | n/a |
| Year Closed | n/a |
| Latest Fund Event | LP Commitment |
| Latest Fund Update | Fund launch |
| Interim Close(s) | n/d |
| Current LPs Profiles | Development finance institution, Institutional investors |
| Current LPs Geographies | Europe |
| Current LPs & Amounts | InfraCo Africa ($43m), EIB ($40m) |
| Cornerstone LP | n/d |
| Structure | Bespoke request |
| Fund Type | Private Equity Fund |
| Domicile | Bespoke request |
| Fund Tenure | Bespoke request |
| Deal Size Range | Bespoke request |
| Sectors | Infrastructure |
| Geographical Focus | Africa |
| Country Focus | Bespoke request |
| Predecessor Fund | Helios Investors IV (Helios IV) |
| Predecessor Deals | See predecessor fund |
| Lead Fundraiser | Babatunde Soyoye, Co-founder and Managing Partner (Helios) |
| Fund Legal Advisers | Bespoke request |
| Other Advisers | Bespoke request |
| Fund Administrator | Bespoke request |
| Placement Agent | Bespoke request |
| Target Fund Returns | Bespoke request |
| Carry | Bespoke request |
| Hurdle | Bespoke request |
| Management Fees | Bespoke request |
| Related News Stories | 2010 to 2023 |
| Deals in Fund | Bespoke request |
| Fund Exits | n/d |
| Fund Contact | Babatunde Soyoye, Co-founder and Managing Partner (Helios) |
| Notes | |
| Fund status | Open |
| Fund Phase | Fundraising |
Source: Deal Book Africa
